British law firm DWF has completed its acquisition of claims manager Proclaim.

Melbourne company Proclaim was founded 25 years ago by Jon Broome, who will remain MD of the 60-strong team. Justin Harty stays as operations director.

“The completion of this transaction has significantly expanded DWF’s claims management and adjusting and wider insurance capabilities in a country which has the fourth-largest Lloyd’s market behind only the US, UK and Canada,” DWF said. “Proclaim is widely regarded as the leading Australian claims management business for the London market.”

DWF, owned by private equity firm Inflexion, bought local claims management company Triton Global in 2017 and FT Adjusting five years ago.

It plans to invest further in insurance-focused legal teams in Sydney, Melbourne and other key centres.